HUDHomeValue.com

The following bid estimate is based purely on computer generated statistics and is given without any warranty expressed or implied. This could be thousands of dollars off from a bid that HUD will accept. Proceed with caution and only bid an amount that you are willing to pay for the property.The estimated best bid is $111,538
for 285 County Road 351, Leesburg, AL, 35983, Cherokee County
This house already sold. The bid HUD accepted was $118300. How does that compare to the estimate in your opinion?Click here to go back to the property listing.Click here for a housing marketing analysis for Cherokee County, AL

How this information was computed

Average bid as a percent of first asking price: 69.47%
Average bid as a percent of final asking price: 76.82%
Average days on the market: 67.82 days
Total number of results: 29
Least squares linear regression curve for bid price based on days-on-market:y = -0.2318x + 92.2437 (where x is the number of days on market, and y is the accepted bid price as a percent of the final asking price)

Don't understand least-squares regression? Here's what that information means in a table.